North West (TSE:NWC) Rating Increased to Strong-Buy at Cibc World Mkts

Cibc World Mkts upgraded shares of North West (TSE:NWC) to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

A number of other research firms also recently issued reports on NWC. BMO Capital Markets upgraded shares of North West from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$56.00 to C$58.00 in a report on Thursday, December 19th. CIBC set a C$59.00 target price on North West and gave the stock an “outperform” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$53.20.

North West Stock Down 2.2 %

Shares of TSE:NWC opened at C$46.11 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 0.64 and a debt-to-equity ratio of 59.78. The firm has a market cap of C$2.22 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.11 and a beta of 0.64. The stock’s 50-day moving average price is C$47.40 and its two-hundred day moving average price is C$49.15. North West has a 12-month low of C$37.15 and a 12-month high of C$55.93.

Insiders Place Their Bets

In other North West news, Senior Officer Jim Caldwell sold 1,126 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$48.89, for a total transaction of C$55,050.14. Following the transaction, the insider now owns 916 shares in the company, valued at C$44,783.24. The trade was a 55.14 % decrease in their ownership of the stock. 0.12% of the stock is owned by insiders.

About North West

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.